Maharashtra Leads the Way in Mutual Fund Assets
Maharashtra contributes 43.8% to the mutual fund industry's average assets under management, followed by Delhi, Gujarat, Karnataka, and West Bengal.
MaharashtraMutual FundsSebiReal EstateInvestmentReal Estate MaharashtraJul 12, 2024
One of the key factors driving the growth of the mutual fund industry in Maharashtra is the strong real estate sector in the state. The state is home to several major cities, including Mumbai, Pune, and Nagpur, which have a high demand for real estate. This demand has led to an increase in the number of mutual fund investors in the state.
In addition to Maharashtra, other states that have contributed significantly to the mutual fund industry's AUM include Delhi, Gujarat, Karnataka, and West Bengal. These states have a high concentration of urban centers, which have a higher demand for mutual fund products.
The growth of the mutual fund industry in these states can be attributed to the increasing awareness about the benefits of investing in mutual funds. Many investors in these states are seeking to diversify their investment portfolios and are turning to mutual funds as a viable option.
Amfi has been working to increase awareness about mutual funds in smaller towns and cities across India. The organization has been conducting awareness programs and workshops to educate investors about the benefits of investing in mutual funds.
According to Amfi, B-30 locations (beyond top 30 cities) accounted for 16% of the total industry AUM in October this year. The balance was contributed by T-30 cities (top 30 locations in India). Assets from B-30 locations increased to Rs 4.61 lakh crore as of October-end from Rs 4.47 lakh crore at September-end, a 3% growth.
Industry experts believe that the growth of the mutual fund industry in smaller towns and cities is a positive trend. \
Frequently Asked Questions
What is the total average assets under management of the mutual fund industry in India?
Over Rs 28 lakh crore.
Which state is the largest contributor to the mutual fund industry's AUM?
Maharashtra, accounting for 43.8% of the total assets.
What is driving the growth of the mutual fund industry in Maharashtra?
The strong real estate sector in the state.
What percentage of individual investor assets are held in equity-oriented schemes?
About 68%.
What percentage of institutional assets are held in liquid, money market, and other debt-oriented schemes?
About 75%.
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